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Saudis Expand Price War Downstream

Green Car Congress

On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. However, one cannot easily neglect the Indian and Chinese refiners. Source: [link].

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. Even if Gazprom avoids fines and manages to reach a settlement with the EU, as it hopes to do, its European market share and pricing will remain under pressure into the future.

Russia 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Are the futures market, CNBC’s oil traders, analysts, and major fund investors, and others, being lulled into an unjustified consensus?

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. Both Saudi Arabia and Russia paint positive portraits on current and future economic performance. After the Chinese Central Bank unexpectedly devalued the Yuan by ~2 percent against the US$, bets that the Saudis would be forced to abandon the peg spiked.

Russia 150
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Mad Power thoughts

EV Info

Yet this crisis is a mere harbinger of the candle-lit future that awaits us if we do not change course. And while preventing working people earning a livelihood may make them feel good, it does nothing to solve the real problem of climate change. . And get rid of prices caps that are distorting the market.

Power 52